[Urbannizer]

Deal finally closed on Hanover River Oaks, construction to begin within a year.

http://www.bizjournals.com/houston/n...article_search

But on Nov. 17 — about two-and-a-half years since the deal was initially set to close— Hanover finally purchased a nearly 1.7-acre site off Kirby Drive near Kipling Street, near the West Ave mixed-use project. The longtime developer plans to build a 40-story, 300-plus-unit apartment tower and a standalone restaurant on the property, where the 1940s-era Kirby Court apartments used to stand.

Hanover hopes to start construction on the $150 million project, designed by Chicago-based architecture firm Solomon Cordwell Buenz, within the next 12 months.